Bill Gates says he is giving $ 50 million to fight Alzheimer’s.
The Microsoft founder said Monday that the donation to the Demens Discovery Fund was personal and not through his charitable foundation.
Today, Alzheimer’s disease is the most common form of dementia and the sixth most common cause of death in the United States, where a new case is diagnosed every 66 seconds. More than 5 million Americans are living with the disease at a cost of $ 259 billion a year. Without treatment, these figures are expected to utilize 16 million Americans with the disease by 2050, which will cost more than $ 1 trillion a year.
The London-based private fund, supported by government, charitable organizations and pharmaceutical companies, seeks new treatments for progressive and irreversible neurological conditions.
In a statement, Gates says that the men in his family have suffered from Alzheimer’s. He says he hopes that Alzheimer’s can eventually be a chronic disease that can be treated with medication.
The investment, which is personal and is not part of the Gates’ Bill & Melinda Gates Foundation, will be followed by another $ 50 million start-up in Alzheimer’s research, said Gates.
With the rapid increase in the number of people with Alzheimer’s and other forms of dementia, the disease is increasingly receiving emotional and financial toll as people live longer, Gates said in an interview.
“It’s a big problem, a growing problem, and the scale of tragedy, even for people living, is very high,” he said.
Gates says that the first treatments for the disease may not be possible for a decade or more and will initially be expensive. He says that the Gates Foundation can assess how to expand access in poor countries since treatments have been developed.
Gates said he wants to provide grants to build a global dementia data platform. This will make it easier for researchers to look for patterns and find new treatment methods, he said.